National Futures Association

{{Short description|United States self-regulatory organization for derivatives}}

{{Infobox_Company

| company_name = National Futures Association (NFA)

| company_logo = Image:nfa-wiki-logo.jpg

| key_people = Thomas W. Sexton, President, CEO
Gerald F. Corcoran, Chair

| foundation = 1982

| location = 320 South Canal, #2400, Chicago, IL 60606

| products = Registration Screening, Rulemaking, Rule Compliance, Rules Enforcement, Member Education, Market Regulation, Investor Protection, Investor Resources, Investor Outreach, Dispute Resolution, Arbitration

| homepage = [http://www.nfa.futures.org www.nfa.futures.org]

}}

The National Futures Association (NFA) is the self-regulatory organization (SRO) for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps). NFA is headquartered in Chicago and maintains an office in New York City. NFA is a non-profit, independent regulatory organization. NFA does not operate any markets and is not a trade association. NFA is financed from membership dues and assessment fees, and membership is mandatory for many market participants.[https://www.nfa.futures.org/registration-membership/index.html Registration and Membership]

History

The National Futures Association (NFA) was created by the Commodity Futures Trading Commission (CFTC) in September 1981 and began regulatory operations in 1982.

[https://www.investopedia.com/terms/c/cftc.asp Commodity and Exchange Commission][https://www.nfa.futures.org/about/nfa-history.html NFA History]

Responsibilities

NFA chief responsibilities include registering firms and individuals who want to do business in the derivatives industry, monitoring trades, taking disciplinary actions against members who don't follow the rules, creating rules and best practices, providing member education through workshops, webinars and conferences, mediating member and customer disputes, and providing investor education and protection.[https://www.investopedia.com/terms/n/nfa.asp What the NFA Does]

Member News and Notices

One of the NFA's main functions is to provide up-to-date information to all member, subscribers, investors and the regulators. The NFA News section[https://www.nfa.futures.org/news/indexNews.asp News and Notices] provides links to the latest NFA enforcement actions, press releases, notices to members, updated rule submissions, testimonies and more.

==Governance==

The NFA is governed by a board of directors. The board meets four times a year.[https://www.nfa.futures.org/about/board-of-directors.html NFA Board of Directors] NFA's board also elects individuals for NFA Committees.[https://www.nfa.futures.org/about/committees/index.html NFA Committees]

References

External Articles

[https://www.jdsupra.com/legalnews/new-outsourced-compliance-guidance-1250487/ New Outsourced Compliance Guidance – Implications for CFTC-Registered Private Fund Managers] at JDSupra
[https://www.lexology.com/library/detail.aspx?g=74b1ebba-abb1-44f3-b84d-8d75fb5ea442 July 7, 2021: NFA Adopts CPO Reporting Requirement for Distress Events: Compliance Rule 2-50 in effect as of June 30, 2021]

Category:Financial regulatory authorities of the United States

Category:Commodity Futures Trading Commission

Category:Non-profit organizations based in Chicago

Category:Organizations established in 1982